MARKETING
A STRATEGIC GUIDE
Ideation 05
Performance measurement 07
Clearly, video and video marketing are vital to your marketing success,
but it isn’t the whole story. As with any other approach to outreach, though,
having an appropriate strategy is key to achieving the successful, long term
gains you need. Michael Porter’s famous 1996 HBR article, What is Strategy
discusses the difference between Operational Excellence and Strategy. Porter saw
then that without a strategy that develops a company’s unique identity,
any advantages over their competition would be temporary at best.
Even the funniest, most creative videos will fail to make a lasting
impact without a unique message and consistent targeted strategy.
1
Developing a functional marketing strategy isn’t rocket science. It should evolve
naturally from the overall business strategies your firm employs every day.
Each strategy should support the other, ensuring that every part of your business is
working toward the same goals. When looking to your existing strategies to develop
an outreach plan, stop to consider you business’s:
Objective:
What is your business’ quantitative target? Think of it in SMART terms:
Specific, Measurable, Achievable, Relevant and Time-bound.
Scope:
What are the main and supportive activities? What region do you operate
in? What kind of customer are you targeting, and what services
do you offer them?
Approach to Creating Value:
What is the core value you offer? Is it convenience? Is it a personalized
service? Are you the most affordable option in the market?
Target customer:
Who, as specifically as possible, are you targeting? Instead of a “middle
aged man,” think “wealthy business owner,” or “suburban commuter.”
Value propositions:
How do you frame your unique offering? For example, if you want to
deliver affordable air travel are you going to deliver that via a low cost
carrier model vis a vis Spirit Airlines, or be a flight-sharing platform?
Supportive strategies and tactics:
Is your work done in-house, or do you collaborate with third-party
strategic partners? Are you leveraging a specific technology?
Brand personality and brand voice:
If well written, your brand positioning statement will also imply the
personality of the brand. This means if we assume your brand is a real
person and is sharing their vision, what is his/her personality? Is it
innovative? Reliable? Young? This question will be the basis for the voice
and tone of your brand.
Consider this example of a brand positioning statement for a luxury hotel chain:
The mobile application FLuber provides young leisure travelers with an affordable flight through
a flight sharing platform that charges passengers with a portion of a flight’s operational
expenses. To fulfill this promise, we’ll leverage strategic partnership with small airports.
The business reflected in this paragraph could be easily seen with a caring,
detailed-oriented and diplomatic personality. That audience interpretation
is your brand image.
While there are many things to consider when developing your marketing strategy,
none are as vital as your brand positioning statement, which will become the voice
reflected in all of your video content
PERSON SEGMENT
4: Ideation
WHAT
VALUE,
BENEFIT
HOW
TONE &
STYLE
WHERE
FUNNEL
STAGE
3
Once you’ve answered these questions, you’ll have the core of your video strategy!
Take a look at this recap to see what you’ve accomplished:
CHANNEL
ORGANIC VS. PAID
Now you’re ready to create your content. Refer to this table, and consider
the boxes you’ve already filled in. It’s now up to you to determine:
WHY
KPI
1) the format of the videos you want to produce, be it live action, animation or some
hybrid of the two and 2) the message you want to convey through them.
FUNNEL
PERSON SEGMENT VALUE TONE CHANNEL KPI
STAGE
These are practical considerations for creating your content. Keep in mind your:
Production method:
Will you produce your content in-house, or outsource it? Think about this carefully.
It can be tempting to produce content in-house to keep costs down, but there may
be some downsides. For example, if you’re considering a company brand video on
your homepage or 30 second spot for broadcast, odds are you’re going to want it
professionally produced. But if you’re producing a daily video blog, your webcam
should work fine. Just make sure that the production level aligns with
audience expectations.
Frequency, duration and reach:
How frequently should your video content be released? What is the desired reach,
or number of unique people in the target audience that you want to see the video?
If you want to generate 500 unique views (reach) of a video and you know that your
average view through rate is 5%, and that you typically generate 2,500 impressions
per post, then you would require 4 posts (frequency) totaling 10,000 impressions to
achieve your goal.
Duration
How long should your video be? Studies show that shorter is still better when it
comes to videos on social media. We generally recommend keeping your videos
under two minutes in length.
Budget:
Run through a step by step cost breakdown to determine the budget your videos
will require. Everything from basic production steps to promotion, distribution,
effects, and any other expenses your video will require should be considered.
It’s also worth looking into how your production and release frequency will
compound these costs.
The quality of
your final video is a
strategic decision.
As video content becomes the backbone of content marketing, you’ll have to find a way to
compete with the constant noise of everyone else. If you’re going to make an impact, it’s
time to focus your attention on developing a unique video strategy and producing content
which reflects that. If you are missing any of these six steps on how to produce content which
embodies your video strategy, you must fill the gaps.
That said, you need someone who knows how to go beyond a one-off video and pitching a
product. Someone who could turn your advertising into a medium that shares your vision
and inspires your audience to engage because they believe in your brand, not just your
products and services.